However, we thought we could use a boost in the early going and so we waited to find a great home in a great upscale neighbourhood that had a rental unit in the basement. 

Maintenance will dramatically depend on the existing condition of the property.

There are a lot of aspects that need to be looked at for older houses which can dramatically affect the value, livability, and longevity of the property.

You may not be actively involved personally and provide services to your IRA, as that would essentially amount to making un-documented contributions to the IRA and artificially boosting the sheltering value.An alternate and entirely different structure known as a Rollover as Business Startup (ROBS plan) exists that allows for retirement funds to be utilized to capitalize an active business in which you are hands on engage. 

Indy is a large market though 2 plus million.. and for me personally I would love to see Americans come back into home ownershipI guess in a way in the areas were I am funding this is happening... but those that owned the rentals have seen dramatic appreciation and or the ability to do a retail rehab and get a FULL retail price from a homeowner.. 

It could hurt or be a nice boost to those savers.Makes me think reducing personal debt is a good thing.

The price drop is dramatic, but the rent decrease is almost non existant.

Yes, I know, that is not how you are supposed to do this, but it worked out in the end and I got my first deal along with a boost of confidence.

Just don't expect anything dramatic.

The areas that you mentioned did drop dramatically in the down turn.